MicroStrategy’s Bitcoin-Backed Credit Expansion Fuels Financial Turnaround
MicroStrategy has made a remarkable financial recovery, pivoting from losses in 2024 to generating $12 billion in operating income by the first nine months of 2025. CEO Phong Le announced ambitious plans to issue Bitcoin-backed credit securities in international markets, positioning Bitcoin at the core of the company's global credit expansion strategy. This strategic shift has propelled the firm to an $8.6 billion net income, a stark contrast to its negative EPS of $2.71 in 2024, now standing at $27.71. Additionally, MicroStrategy is systematically reducing its $8.2 billion debt, further solidifying its financial turnaround. This bold move underscores the growing role of Bitcoin in corporate finance and highlights MicroStrategy's confidence in cryptocurrency as a cornerstone of future financial innovation.
MicroStrategy Positions Bitcoin at Core of Global Credit Expansion Amid Financial Turnaround
MicroStrategy has pivoted from last year's losses to a $12 billion operating income through the first nine months of 2025, with CEO Phong Le announcing plans to issue bitcoin-backed credit securities in international markets. The firm's $8.6 billion net income marks a dramatic reversal from 2024's negative EPS of $2.71, now standing at $27.71.
The company is methodically eliminating its $8.2 billion convertible debt portfolio ahead of a 2029 target, while raising $20 billion this year across capital markets. Bitcoin's role as collateral for global credit instruments signals institutional maturation—MicroStrategy's treasury now functions as a de facto crypto investment vehicle.
Uptober Fades: What is Halting Crypto’s Ascent?
October's anticipated 'Uptober' rally in cryptocurrencies proved fleeting, with Bitcoin experiencing significant volatility before stabilizing at a median level. The market's weakness stems from declining risk appetite among U.S. investors, despite positive developments like the U.S.-China agreement and strong corporate earnings.
On-chain analyst Anıl highlights the critical role of the Coinbase Premium Index, which reflects U.S. demand for Bitcoin. A higher BTC price on Coinbase compared to other exchanges signals strong institutional interest. Without a recovery in U.S. trading volume, sustained price gains remain uncertain.
Satoshi Nakamoto's Bitcoin Holdings Lose $5B in Market Correction
Bitcoin's enigmatic creator, Satoshi Nakamoto, saw the value of their holdings plummet by nearly $5 billion on October 30 as the cryptocurrency market faced a sharp downturn. The wallets linked to Nakamoto now hold approximately $117 billion worth of BTC, down from a peak of $122 billion earlier this year.
Arkham Intelligence data confirms these wallets—containing roughly 1.1 million BTC, or over 5% of Bitcoin's circulating supply—have remained dormant for 15 years. No transactions were executed during the market turbulence. The loss reflects pure price depreciation rather than any movement of funds.
Nakamoto remains the largest known individual bitcoin holder despite the valuation drop. The untouched stash continues to symbolize both Bitcoin's origins and its volatility—a digital goldmine frozen in cryptographic time.
Bitcoin Mining Firm Sues Hood County to Block Incorporation Vote
Mara Holdings has escalated its dispute with Hood County residents by filing a federal lawsuit seeking to halt an incorporation election. The Bitcoin mining operation, which runs 60,000 continuous computers NEAR Mitchell Bend Highway, faces potential noise regulation if the vote proceeds.
Residents have complained about cooling fan noise since 2022. The proposed incorporation WOULD grant them authority to enact local ordinances. Mara's legal challenge alleges procedural defects in the citizen petition and claims county officials improperly supported the measure.
The case highlights growing tensions between cryptocurrency infrastructure operators and local communities. With early voting ending Friday and Election Day set for Tuesday, the court's Thursday deadline for county officials to respond adds urgency to the standoff.
Coinbase Accelerates Bitcoin Accumulation with $300M Q3 Purchase
Coinbase has significantly expanded its Bitcoin treasury, adding 2,772 BTC worth $299 million during the third quarter. The exchange now holds 14,548 BTC valued at $1.57 billion, cementing its position as one of corporate America's most aggressive Bitcoin accumulators.
The acquisition coincides with record financial performance. Net income quintupled year-over-year to $432.6 million, while total revenue jumped 55% to $1.9 billion. Transaction revenue surpassed $1 billion, demonstrating robust retail and institutional trading activity despite market volatility.
CEO Brian Armstrong's public confirmation of continued Bitcoin purchases signals long-term conviction. "Coinbase is long bitcoin," Armstrong stated, framing the accumulation as strategic rather than speculative.
OranjeBTC Executes Share Buyback to Enhance Bitcoin Yield
OranjeBTC (B3: OBTC3), Latin America's pioneering publicly listed Bitcoin treasury firm, has repurchased 99,600 shares between October 27 and 30. The move, executed below its adjusted Net Asset Value (mNAV), effectively allows the company to acquire Bitcoin at a discount by reducing outstanding shares. This strategy prioritizes shareholder efficiency and NAV parity over mere accumulation.
The firm maintained its Bitcoin reserves at 3,708 BTC, valued at approximately $390.9 million, opting not to purchase additional Bitcoin during the period. Earlier in the week, OranjeBTC added 7 BTC to its treasury, reinforcing its commitment as a Bitcoin-native entity. The buyback highlights a balanced approach between equity management and sustained Bitcoin accumulation.
